Lopez Holdings Corporation is a holding company invested in leading Philippine corporations: First Philippine Holdings Corporation (FPH), which has investments in sustainable energy development, infrastructure, property development and green manufacturing, and ABS-CBN Corporation (ABS-CBN), the country’s largest multimedia conglomerate. Lopez Holdings, FPH and ABS-CBN are listed in the Philippine Stock Exchange.

The company received a total of P880 million in cash dividends from its major investees in 2016: P365 million from ABS-CBN and P515 million from FPH. This compares with P800 million in cash dividends received in 2015: P289 million from ABS-CBN and P511 million from FPH; and P801 million in cash dividends received in 2014: P293 million from ABS-CBN and P508 million from FPH.

Lopez Holdings declared a cash dividend of P0.20 per share in 2016, P0.10 per share annually in 2015 and 2014.

Lopez Holdings reported P6.557 billion in net income attributable to equity holders of the Parent in 2016, 6% higher than the P6.191 billion in net income attributable to equity holders of the Parent reported in 2015. The steady performance of investees FPH and ABS-CBN accounted for the results. FPH, which is consolidated by Lopez Holdings, also reported one-off gains in 2016.

Consolidated revenues for the period decreased by 5% year-on-year to P91.910 billion from P96.510 billion.

As of December 31, 2016, Lopez Holdings had remaining direct obligations of US$5 million in restructured notes, compared to end-2015 debt levels of US$10 million and P26 million. On a consolidated basis, total liabilities stood at P206.725 billion at yearend-2016 versus P214.415 billion at yearend-2015.